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Yum China Holdings (Yum China Holdings) EBIT : $1,133 Mil (TTM As of Dec. 2023)


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What is Yum China Holdings EBIT?

Yum China Holdings's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $121 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $1,133 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Yum China Holdings's annualized ROC % for the quarter that ended in Dec. 2023 was 3.83%. Yum China Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 11.02%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Yum China Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 7.46%.


Yum China Holdings EBIT Historical Data

The historical data trend for Yum China Holdings's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Yum China Holdings EBIT Chart

Yum China Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 863.00 709.00 734.00 658.00 1,133.00

Yum China Holdings Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 51.00 418.00 271.00 323.00 121.00

Competitive Comparison of Yum China Holdings's EBIT

For the Restaurants subindustry, Yum China Holdings's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Yum China Holdings's EV-to-EBIT Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Yum China Holdings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Yum China Holdings's EV-to-EBIT falls into.



Yum China Holdings EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,133 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Yum China Holdings  (NYSE:YUMC) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Yum China Holdings's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=484 * ( 1 - 23.91% )/( (9384 + 9829)/ 2 )
=368.2756/9606.5
=3.83 %

where

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

Yum China Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=484/( ( (4229 + max(-1246, 0)) + (4555 + max(-1212, 0)) )/ 2 )
=484/( ( 4229 + 4555 )/ 2 )
=484/4392
=11.02 %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(62 + 419 + 130) - (1235 + 186 + 436)
=-1246

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(68 + 424 + 124) - (1193 + 196 + 439)
=-1212

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Yum China Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=1133/15180.460
=7.46 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Yum China Holdings EBIT Related Terms

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Yum China Holdings (Yum China Holdings) Business Description

Traded in Other Exchanges
Address
20 Tian Yao Qiao Road, Yum China Building, Shanghai, CHN, 200030
With almost 13,000 units and USD 10 billion in systemwide sales in 2022, Yum China is the largest restaurant chain in China. It generates revenue through its own restaurants and franchise fees. Key concepts include KFC (9,094 units) and Pizza Hut (2,903), but the company's portfolio also includes other brands such as Little Sheep, East Dawning, Taco Bell, Huang Ji Huang, COFFii & Joy, and Lavazza (collectively representing about 950 units). Yum China is a trademark licensee of Yum Brands, paying 3% of total systemwide sales to the company it separated from in October 2016.
Executives
Leila Zhang officer: Chief Technology Officer YUM CHINA BUILDING, 20 TIAN YAO QIAO ROAD, SHANGHAI F4 200030
Joey Wat officer: Chief Executive Officer, KFC 11F-20F, 2 GRAND GATEWAY, 3 HONGQIAO ROAD, SHANGHAI F4 200030
Warton Wang officer: General Manager, KFC YUM CHINA BUILDING, 20 TIAN YAO QIAO ROAD, SHANGHAI F4 200030
David L Hoffmann director MCDONALD'S APMEA, 1 KIM SENG PROMENADE, SINGAPORE U0 237995
Christina (xiaojing) Zhu director YUM CHINA BUILDING, 20 TIAN YAO QIAO ROAD, SHANGHAI F4 200030
Peter A Bassi director 3111 W ALLEGHENY AVE, PHILADELPHIA PA 19132
Fred Hu director 28TH FLOOR, 28 HENNESSY ROAD, ADMIRALTY K3 852
William Wang Yang director 48/F CHINA WORLD TOWER 3, NO 1 JIAN GUO MEN WAI AVENUE, BEIJING F4 100004
Johnson Huang officer: Chief Info & Marketing Officer 11F-20F, 2 GRAND GATEWAY, 3 HONGQIAO ROAD, SHANGHAI F4 200030
Duoduo (howard) Huang officer: Chief Supply Chain Officer YUM CHINA BUILDING, 20 TIAN YAO QIAO ROAD, SHANGHAI F4 200030
Aiken Yuen officer: Chief People Officer 16/F TWO GRAND GATEWAY 3 HONG QIAO ROAD, SHANGHAI F4 200030
Alice H Wang officer: Vice President, Public Affairs 11F-20F, 2 GRAND GATEWAY, 3 HONGQIAO ROAD, SHANGHAI F4 200030
Min (jenny) Zhang director YUM CHINA BUILDING, 20 TIAN YAO QIAO ROAD, SHANGHAI F4 200030
Danny Tan officer: Chief Support Officer 11F-20F, 2 GRAND GATEWAY, 3 HONGQIAO ROAD, SHANGHAI F4 200030
Angela Ai officer: Chief Development Officer 11F-20F, 2 GRAND GATEWAY, 3 HONGQIAO ROAD, SHANGHAI F4 200030